Business
Commencement of Trading on the OTCQB
Commencement of Trading on the OTCQB.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n\n\n3 March 2025\nLexington Gold Ltd\n(\"Lexington Gold\" or the \"Company\")\n \nCommencement of Trading on the OTCQB Venture Market\n \nLexington Gold (AIM: LEX), the gold exploration and development company with gold projects in South Africa and the USA, is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market (\"OTCQB\") in the United States under the ticker symbol \"(OTCQB:LEXLF)\". The Company continues to maintain its primary quotation on AIM. \n \nThe Company has identified increasing interest from U.S. based investors, particularly given Lexington Gold's diversified portfolio of gold assets, which includes promising projects in both the United States and South Africa. The Company is working with Amvest Capital Inc. (\"Amvest\") on a two stage process aimed at facilitating U.S. based investors to trade in the Company's common shares. The initial stage, which has now been accomplished, was to obtain a listing on the OTCQB, a well-established market designed to provide enhanced visibility and liquidity for international companies seeking to broaden their U.S. investor base. The second stage will involve obtaining Depository Trust Company (\"DTC\") eligibility as a number of U.S. brokers require such DTC eligibility in order to trade shares on their platforms.\n \nHighlights:\n· Lexington Gold's common shares have commenced trading on the OTCQB market under ticker code LEXLF.\n \n· OTCQB trading and the reporting of Lexington Gold's requisite UK regulatory driven announcements on the OTCQB platform will serve to provide efficient access for U.S. investors and increased liquidity for shareholders as a whole,\n \n· The OTCQB listing will have no impact on the existing trading of the Company's common shares on AIM, and no new common shares will be issued as part of the additional OTCQB trading facility.\n \n· Lexington Gold will continue to adhere to all regulatory requirements associated with its AIM quotation on the London Stock Exchange.\n \n· The OTCQB listing is anticipated to increase liquidity by making the Company's common shares more accessible to U.S. investors, thereby improving trading volumes and enhancing price d...